Montagu Raises €2 Billion Continuation Fund to Support Wireless Logic

Paul, Weiss advised Montagu, a leading mid-market private equity firm, on a €2 billion single-asset continuation fund, the largest such fund completed in Europe this year. The heavily oversubscribed fund will extend Montagu’s partnership with Wireless Logic, a leading global Internet of Things platform provider. Montagu will manage the fund, with TPG GP Solutions as lead investor and CVC Secondary Partners and Partners Group as co-lead investors.

The Paul, Weiss team was led by corporate partners Jeremy Leggate, James King and Toby Karenowski, and associate Hannah Wilson, and included partner Prem Mohan; and tax partners Shane Milam and Kyle O’Sullivan, and counsel Jamie Chambers.